Bitcoin Eyes Breakout: Retest at $59,000 Key to New Highs

Bitcoin on the daily chart has formed a descending channel and is approaching a key resistance level. 📈BTC on the daily timeframe has been trading within a descending channel but has recently shown signs of bullish momentum. The price is currently testing the upper boundary of this channel around $65,300. If Bitcoin can break out of this descending channel, it could signal a strong bullish move.